M&A Deal Summary

Jollibee Acquires Smashburger

On December 14, 2018, Jollibee acquired restaurant Smashburger from SIF Partners and Navigator Partners

Acquisition Highlights
  • This is Jollibee’s 1st transaction in the Restaurants sector.
  • This is Jollibee’s 1st transaction in the United States.
  • This is Jollibee’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-12-14
Target Smashburger
Sector Restaurants
Buyer(s) Jollibee
Sellers(s) SIF Partners
Navigator Partners
Deal Type Add-on Acquisition

Target

Smashburger

Denver, Colorado, United States
Smashburger is the fastest growing, fast-casual “better burger” restaurant and a fresh approach to burgers and restaurants as a whole. Smashburger's hand-crafted burgers are made with fresh, never frozen, 100% Certified Angus Beef, that are “smashed”, seared, and seasoned on the grill to juicy perfection for every individual order. Smashburger was founded in 2007 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Jollibee

Pasig City, Philippines

Category Company
Sector Restaurants
DESCRIPTION

Jollibee is the largest fast-food chain brand in the Philippines, operating a network of more than 1,400 stores. Jollibee serves great-tasting, high-quality, and affordable food products to include its superior-tasting Chickenjoy, mouth-watering Yumburger, and deliciously satisfying Jolly Spaghetti among other delicious products. Jollibee is based in Pasig City, Philippines.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 2

SELLER

SIF Partners

Denver, Colorado, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

SIF Partners (formerly Consumer Concept Group – CCG) is a private equity firm that targets multi-unit consumer-centric businesses, primarily in the restaurants, retail, and leisure industries. The SIF investment fund also manages a broad range of assets, with a focus on real estate investments backed by strong managers with unique insight and a long-term approach. Prospective transaction situation includes LBOs, recapitalization, and growth capital financing. SIF Partners was founded in 2006 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 CIC Bancshares

Denver, Colorado, United States

CIC Bancshares is a bank holding company focused on acquiring and developing banking and financial services assets in Colorado and the Rocky Mountain West. CIC Bancshares is based in Denver, Colorado.

Buy -
SELLER

Navigator Partners

Summit, New Jersey, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Navigator Partners LLC (formerly Navigator Equity Partners LLC) is a private equity firm focused on smaller middle-market company acquisitions and recapitalizations. The Firm is licensed as a SBIC and targets companies with revenues of $10 to $200 million and EBITDA of at least $2 million. Companies of interest include manufacturers and marketers of consumer and healthcare products, providers of consumer and business services, franchisors, healthcare service providers, select industrial products, and media businesses. Navigator will not invest in start-up, early-stage, or turnaround situations. Navigator Equity Partners is based in Summit, New Jersey.


DEAL STATS #
Overall 11 of 11
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Colorado) 2 of 2
Country (United States) 11 of 11
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Aspire Home Care

Tishoming, Oklahoma, United States

Aspire Home Care is a provider of medicare home healthcare and hospice services. Aspire Home Care was founded in 1996 and is based in Tishomingo, Oklahoma.

Sell -